- Engineering consultants SRJ Technologies (SRJ) has received its first order from Saudi Arabia
- The order follows a ZOMOC agency agreement, with further orders expected in the last quarter of FY21
- The parties will design, manufacture and install SRJ asset integrity solutions for the repair and maintenance of pipeline equipment for Saudi Basic Industries Corporation (SABIC) facilities in Jubail Industrial City
- On market close for the day, SRJ is down 6.67 per cent and is trading at 28 cents per share
Engineering consultants SRJ Technologies (SRJ) has received its first order from Saudi Arabia.
The order follows a ZOMOC agency agreement, with further orders expected in the last quarter of FY21.
Under the agreement, the parties will design, manufacture and install SRJ asset integrity solutions for the repair and maintenance of pipeline equipment for Saudi Basic Industries Corporation (SABIC) facilities in Jubail Industrial City.
SABIC is a global leader in diversified chemicals and is majority-owned by Saudi Aramco.
SRJ will lead and manage the delivery of this project and provide engineering design of asset integrity solutions.
Head of Europe, Middle East and Africa for SRJ, Roger Smith, says the agreement is in line with the company’s strategy for product deployment in the Middle East.
“The project will be fast-tracked to meet demanding SABIC timescales, will utilise ZOMCO’s in-country manufacturing facilities and installation teams and adhere to strict safety protocols,” he said.
On market close for the day, SRJ is down 6.67 per cent and is trading at 28 cents per share.